chrysler

Pols Debate Chrysler Super Bowl Ad

Feb 8, 2011
Given the outsourcing, the massive bailout, the abandoned houses and the rest of the city's emotional baggage, it was sort of inevitable that Chrysler's "Imported from Detroit" ad, featuring Eminem and spanning roughly $12 million worth of airtime, would elicit cheers and jeers from Congress.

Hold On to Your Clunkers, the Cash Is Coming

Aug 6, 2009
The Senate is finally getting around to approving more money for the wildly successful "cash for clunkers" program, which seems to have saved the auto industry from the forces of recession and bankruptcy. With an additional $2 billion on the way, the administration hopes to transform 500,000 more clunkers into cleaner, smaller, more efficient vehicles.
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Here Comes the ‘New’ GM

Jul 11, 2009
General Motors Chief Executive Fritz Henderson tooted his company's horn plenty when he ushered in a new, post-bankruptcy era for the Detroit automaker -- but he couldn't promise that GM 2.0 would be able to pay back the billions of dollars his company got from taxpayers.

Supremes Stall Chrysler Deal

Jun 9, 2009
The Supreme Court has put the brakes on President Obama's plans to bail out the auto industry, ordering a stay of the sale of Chrysler to Fiat. Before the ruling, the administration said blocking the deal would have "grave consequences" for Chrysler. Also, it could threaten the government's plans for the much larger and more complicated GM. Update

Obama’s Next Target: Hedge Funds

May 1, 2009
President Obama gave certain hedge fund manager types who held out for "an unjustified taxpayer bailout," as he put it, a dressing down in the midst of his comments about Chrysler's bankruptcy filing on Thursday. Needless to say, that didn't go over so well with the targeted demographic.

Chrysler Heads for the Chop Shop

Apr 24, 2009
The Treasury Department has cut a deal with the United Auto Workers to send Chrysler into bankruptcy while protecting retiree benefits, The New York Times reports. Fiat would be in a more favorable position to take a cut of the company once it's in bankruptcy. Chrysler's equity stakeholders are shaping up as the big losers in all of this.